Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30true22022-07-012The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseThe principal of activity of the company is that of raising horses and other equines.true 13092849 2022-07-01 2023-06-30 13092849 2021-07-01 2022-06-30 13092849 2023-06-30 13092849 2022-06-30 13092849 c:Director1 2022-07-01 2023-06-30 13092849 d:CurrentFinancialInstruments 2023-06-30 13092849 d:CurrentFinancialInstruments 2022-06-30 13092849 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13092849 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 13092849 d:ShareCapital 2023-06-30 13092849 d:ShareCapital 2022-06-30 13092849 d:RetainedEarningsAccumulatedLosses 2023-06-30 13092849 d:RetainedEarningsAccumulatedLosses 2022-06-30 13092849 c:OrdinaryShareClass1 2022-07-01 2023-06-30 13092849 c:OrdinaryShareClass1 2023-06-30 13092849 c:FRS102 2022-07-01 2023-06-30 13092849 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 13092849 c:FullAccounts 2022-07-01 2023-06-30 13092849 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13092849














EQUITOPIA STUD LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 JUNE 2023

 
EQUITOPIA STUD LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 3


 
EQUITOPIA STUD LTD
REGISTERED NUMBER:13092849

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 5 
111,582
101,582

Bank and cash balances
  
3,647
8,241

  
115,229
109,823

Creditors: amounts falling due within one year
 6 
(283,697)
(198,982)

  

Net liabilities
  
(168,468)
(89,159)


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
(168,469)
(89,160)

  
(168,468)
(89,159)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2024.




A Ershova
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
EQUITOPIA STUD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Equitopia Ltd is a limited liability company incorporated in England and Wales with its registered office at  6 Lowswood Close, Northwood, Middlesex, HA6 2XE.

The principal activity of the company was that of running an equine stud farm.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Stocks

Stocks are valued at the lower of costs and net realisable value after making due allowance for obsolete and slow-moving stocks. Costs includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.4

Creditors

Short term creditors are measured at the transaction price.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).





Page 2

 
EQUITOPIA STUD LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


Taxation

          Factors that may affect future tax charges

The company has tax losses of £142,746 (2022 - £63,437) to carry forward to utilise against future trading profits.


5.


Stocks

2023
2022
£
£

Breeding horses
111,582
101,582



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
230,957
144,958

Other creditors
51,000
51,000

Accruals and deferred income
1,740
3,024

283,697
198,982



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



8.


Controlling party

The company is a wholly owned subsidiary of High Herts Holding Limited, a company controlled by A Ershova and A Zykov. The registered office of High Herts Holding is 6 Lowswood Close, Northwood, Middlesex, HA6 2XE.
 
Page 3